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An investment broker wants to invest up to $ 33000 She can invest in two mutual funds based on their yearly average return for the 5 years ending December 31, 2009: the Franklin Natural Resources fund yielding 8% and the Oppenheimer Developing Markets A fund yielding 10% She wants to invest at least $8000 in the Franklin Natural Resources fund and no more than 13000 in the Oppenheimer Developing Markets A fund. How much should she invest in each type of fund to maximize her return?
I got the two maximizing points 20,000 and 13,000
and got $2900 for max return, and it said it was wrong, why was it wrong?
I got the two maximizing points 20,000 and 13,000
and got $2900 for max return, and it said it was wrong, why was it wrong?